Spitfire List Web site and blog of anti-fascist researcher and radio personality Dave Emory.
The tag 'Bitcoin' is associated with 20 posts.

FTR #799 Miscellaneous Articles and Updates

The future of health care in societies subjected to the doctrine of “Austeria” may be seen with the appointment of doctrinaire neo-Nazi Makis “The Hammer” Voridis as Health Minister of Greece. Fascism is surging in a Europe subjected to German-mandated austerity, as evidenced by the recent EU Parliamentary elections. Much of the program highlights fascism marching under the deceptive banner of “freedom” and/or libertarianism. Bitcoin continues its march toward monopoly, with the mysterious Ghash.io controlling 51% of the market. Gun-wielding fascists supportive of “libertarian” (read “white-supremacist”) Ron Paul gunned down police in Las Vegas, while so called “sovereign citizens” shot up police in California. “Cliven Bundists” (supporters of Cliven Bundy) have declared themselves exempt from Bureau of Land Management regulations in Nevada, as the GOP ramps up another government shutdown to foil Obama’s climate change legislation. At the same time, the very high-tech giants that complained so loudly about Obama’s failure to protect individual privacy are surging ahead with programs and technology to obliterate that very consideration.


Hashing Out Bitcoin Ownership

In our ongoing critique of Bitcoin, we’ve noted that it appears to be an “op,” executed by Siemens spinoff Lantiq, which was capitalized by Golden Gate Capital (staffed by alumni of Bain Capital, Mitt Romney’s firm.) In a reprise of a previous and apparently ongoing vulnerability of Bitcoin, the possibility of an “Armageddon” in the Bitcoin world produced by concentration of ownership looms. Once again, the GHash.io mining pool is at the center of the plot. Because it had garnered 50% of the Bitcoin market, it could “double-sell” coins and compromise the integrity of the entire network.


FTR #797 Cyber-Libertarian Fascism: Update on the Adventures of Eddie the Friendly Spook

In the long FTR series on L’Affaire Snowden, we noted that all of the players were outright fascists and/or exponents of corporatist economic theory. That includes Pierre Omidyar, Nazi fellow-traveler Glenn Greenwald’s financial angel and backer of First Look media. Touting the laissez-faire economics of the GOP and other corporatist elements around the world, Omidyar has also helped to finance the rise of fascist elements abroad, including assisting in the ascent of the OUN/B successor forces in the Ukraine, as well as Narendra Modi, heir to the RSS Hindu fascists that spawned his BJP. Julian Assange, his political idol Rand Paul, Rand Paul’s supporter Ralph Nader and Snowden himself all figure strongly into this unsavory political landscape.


Bitcoin Accepted for Political Contributions

If you thought that campaign finance had become a sticky wicket in the wake of the Supreme Court’s Citizens United and McCutcheon decisions, you might be bitterly amused by the latest development in the lubrication of the wheels of democracy. The Federal Election Commission has given the nod to accepting Bitcoins as campaign contributions. Fans of Citizens United and McCutcheon will be thrilled to know that the top tenth of one percent of Bitcoin owners control 50% of the total of the currency in existence.


Bitcoin Horrow Show

A horrifying–though predictable–story from the Daily Mail illustrates the moral, practical and philosophical bankruptcy of libertarian philosophy. Kiddie porn freaks (with an apparent sadistic bent) have been using Bitcoin to finance online videos with the children being tortured with lit cigarettes. The propagation of activities such as the one described in the story below underscores the depravity of many of those who argue for an unmonitored internet, on which “anything goes.”


FTR #785 Bit[coin]burg, Part 4: Fool’s Gold, Part 2

The fourth of our programs about Bitcoin, this broadcast further documents the predictable chaos and malfeasance resulting from a valuable monetary entity that is totally unregulated and open to all of the vagueries and criminality to which internet business is subject. Much of the program focuses on the collapse of the Mt. Gox exchange in Japan, one of the world’s largest Bitcoin marketplaces. Blamed initially on hackers, it may well be that the operators of Mt. Gox were engaged in deliberate malfeasance, as were anonymous hackers who called attention to the sins of the company’s management. The program notes that the concentration of ownership in the Bitcoin community is even more pronounced than it is in the regular economy.


More Collateralized “Death” Obligations

“Participo” alerts us to an article from The New York Post updating the mortality rate in the financial industry. These deaths are occurring as numerous investigations are underway into various kinds of malfeasance in the global financial sector, manipulation of the foreign exchange rate, in particular.


FTR #772 Body Count II: (Collateralized “Death” Obligations)

One of the surreal, almost hallucinatory financial instruments that were at the center of the 2008 financial collapse were CDO’s–collateralized debt obligations. As a number of legal investigations into mischief apparently committed by major financial institutions on a number of fronts have gained momentum, there has been a rash of suicides linked to the businesses under investigation. In addition, a Wall Street Journal reporter disappeared and an Argentine bank repository–supposedly fireproof–burned down. Are we looking at collateralized “death” obligations?


FTR #770 Bit[coin]burg, Part 3: Fool’s Gold

Presented as an alternative to the existing monetary and fiscal paradigms, bitcoin is–in fact–as bad, or worse, than what it is designed to replace. Subject to a wide variety of crooked machinations, bitcoin also lends itself readily to concentration of ownership–get ready for the “bitcoin 1%.” The bitcoin milieu increasingly overlaps that of Eddie the Friendly Spook and “The Paulistinian Libertarian Organization.”


The Big Bitcoin Bet: Currency of the Future or Just a Better Casino?

Bitcoin’s nearly parabolic rise in price this year has led to a similar rise in expectations. What does the future hold for bitcoin? Could bitcoin replace gold? Or might it grow even bigger? We’ll see, but one thing is for sure: The great bitcoin mining race is still picking up speed and you’re probably going to lose.